CFE-Fraud-Prevention-and-Deterrence Exam Dumps - Certified Fraud Examiner - Fraud Prevention and Deterrence Exam

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Question # 41

Which of the following is NOT a responsibility of the organization's board of directors?

Serving as the intermediaries between shareholders and management

Acting as guardians of the organization's resources and assets

Directing employees to execute business activities

Assessing the strategy and underlying purpose of management's decisions and actions

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Question # 42

Which of the following would MOST LIKELY be a violation of the ACFE Code of Professional Ethics?

Rodrigo. a CFE. uncovered several material Internal control deficiencies unrelated to the Kickback scheme he was Investigating. In his final report to management. Rodrigo included information about the deficiencies even though they were unrelated to the situation he was hired to investigate.

Vivian, a CFE, accepted an assignment to conduct a fraud examination within a manufacturing company. Because she was in a hurry to complete the investigation, she overlooked key items of evidence and ended up failing to uncover a major fraud scheme.

Tom, a CFE, was hired by a client to conduct a fraud examination but found nothing amiss. A year later, he received a court order to provide the client's file to the ordering court. Tom complied with the court order, even though he did not have the client's authorization to do so.

All of the above are violations.

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Question # 43

According to Steve Albrecht's research,______is the most common personal characteristic motivating fraudsters, and ________ is the most common organization-environment factor motivating fraudsters.

High personal debt; lack of separation of duties

Revenge: too much trust in key employees

Living beyond their means, too much trust in key employees

Desire for recognition, lack of separation of duties

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Question # 44

According to International Organization for Standardization (ISO) 31000:2018, an effective and efficient risk management program contains all of the following principles EXCEPT:

The program takes human and cultural factors into account.

The program is static and consistent, even during times of organizational change.

The program facilitates continuous improvement.

The program is customized and proportionate to the organization's operations and objectives.

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Question # 45

Which of the following is NOT one of the three elements that have the most influence on crime according to the routine activities theory?

The presence of motivated offenders

The absence of capable guardians

The lack of societal ethics

The availability of suitable targets

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Question # 46

Which of the following is FALSE regarding the fraud risk assessment learn?

The team members should have experience in gathering and eliciting information

The team members might include both internal and external sources.

The team size should be limited to a maximum of three individuals

The team should consist of individuals with diverse knowledge, skills, and perspectives

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Question # 47

Timothy, a new Certified Fraud Examiner (CFE), has been tasked with his first fraud examination engagement. To exercise appropriate professional skepticism as he conducts the engagement, Timothy should:

Begin the engagement with the belief that no fraud has occurred.

Maintain a skeptical attitude throughout the entire engagement even if the evidence shows no signs of fraudulent activity.

Maintain professional skepticism that can only be dispelled by evidence.

Form the engagement hypothesis without consideration for the nature of the assignment.

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Question # 48

Based on research regarding the criminogenic tendencies of organizations, employees are more likely to engage in fraudulent behavior when given a direct order to do so by a superior due to an inherent desire to obey people in positions of authority.

True

False

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